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Today Nifty and Bank Nifty open gapped down. Then after some consolidation, both the indices again moved lower and closed in red 5% down.
The 16500 is a crucial level for the Nifty Index. Until the Nifty is trading below that, it can fall more. On the downside, 16000 & 15500 are the major support levels.
Bank Nifty is also weak and can fall further if it breaks & sustains below the 34900 levels.
Note: The above levels are for educational purposes only, not Buy/Sell advice.
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Divesh Jotwani is a Full-time trader in the Indian stock market. He has spent over 20+ years researching and discovering WD Gann's methods and applying them day in and out markets.
Many people (trainers) don't even ask for reviews once they sell the stuff (course). You are a great person!"
– R.Mohan
(Gann Trade Secrets Course Student)
About the Author
Divesh Jotwani is an active and full-time trader in the Indian markets. He has spent over 20+ years researching and discovering WD Gann's methods and applying them daily in the markets.
I'm sitting on an almost 30% gain in a Bank stock. It was like a magical trade. I've never gained such huge profits in one single trade.
– ARUN
(Point-to-Point Trading Method Course Student)
